Accounting Executive Required in Dubai - Dubai
Accounting Executive Required in Dubai
The Accounting Executive will be responsible for managing and monitoring the insurance premium accounting cycle.
The role focuses on ensuring the accurate recording, reconciliation, monitoring and timely settlement of premiums, including the review of bordereaux reports and supporting financial reporting. It also ensures that finance operations are performed efficiently and in compliance with applicable accounting principles and IFRS standards.
The successful candidate will operate in a technology-enabled finance environment, leveraging automation tools, digital reconciliation processes and data analytics to ensure accuracy, transparency and efficiency in financial operations.
SPECIFIC DUTIES AND RESPONSIBILITIES:
Premium Accounting, Reconciliation & Monitoring
Monitor and record premium receipts from brokers
Ensure timely allocation of premium collections to the appropriate underwriting accounts
Perform premium cash clearing and reconciliation between underwriting records, broker statements and bank receipts.
Investigate and resolve discrepancies
Track outstanding premiums and follow up with brokers to ensure timely settlement
Process premium settlements to participating members/insurers
Maintain and reconcile Insurance Bank Accounts (IBA) monthly
Bordereaux Review and Validation
Review monthly and quarterly bordereaux report and ensure completeness and accuracy
Validate premium data against underwriting platform and bank records
Technology & Automation
As elseco operates a technology-driven underwriting platform, the Accounting Executive is expected to:
Utilize internal digital platforms to monitor premium flows
Support automation of reconciliation processes
Identify opportunities for process improvements and system automation
Work closely with ATOM and Finance teams to improve finance workflows
Compliance and Controls
Ensure adherence to IFRS accounting standards and internal finance policies
Maintain appropriate documentation for audit and regulatory purposes
Support internal and external audits relating to premium accounting
Ensure compliance with DFSA regulatory reporting requirements where applicable
Month End Close Support
Assist in the monthly closing of books to ensure all entries are entered in the system specifically the Insurance Bank Account (IBA) account inwards and outward transactions
Assist in the preparation of financial statements & management reports
Other tasked assigned
Requirements
3 to 5 years of relevant accounting experience, ideally within insurance, reinsurance, an MGA, or an insurance broker
Preferably fully qualified ACA/ACCA/CIMA/CPA (or equivalent finance related qualification)
Ability to work in a fast-paced and technology-driven environment
Ability to manage multiple deadlines and priorities
Strong analytical and reconciliation skills
High level of accuracy and attention to detail
Strong communication skills with internal teams and external parties
Computer literacy with good PowerPoint and Excel skills are expected
Solid understanding of accounting systems, particularly SAP, is an advantage
APPLY FROM LINK BELOW
https://www.linkedin.com/jobs/view/4474778081/?e
muhammedahmedkk
https://mail.dubaiclassifieds.org/117918
Dubai, UAE
